Comments on: Appraisal vs AVMs https://appraisersblogs.com/appraisal-vs-avm-flipper-transaction-experience Appraisal News and Tips for Real Estate Appraisers Mon, 16 Mar 2020 17:38:29 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Baggins https://appraisersblogs.com/appraisal-vs-avm-flipper-transaction-experience/#comment-29492 Mon, 16 Mar 2020 17:38:29 +0000 http://appraisersblogs.com/?p=23691#comment-29492 Corelogic Matrix. Now denies appraisers the ability to have the basement total sizing next to the agla sizing figures in the variety 1 line overviews. You can see basement size figures on screen and do limited screen grabs but those basement sizing fields are no longer exportable or printable data points for large data sets, for additional analysis regardless of your analysis approach. All one can print out and export now is a basement yes/no option.

No more easy identification within comprehensive complete data sets if units have basements or not, identifying if units may have improperly entered size for garden levels, no more easy identification if units may have agla add ons like for ranch up vs down size comparisons.

Corelogic can’t seem to furnish a finished product and keeps making research more and more difficult for those not seeking automated avm results.

This avm’s are reliable thing is fizzling fast with every new instance of ‘improved service’ data systems restructuring. Was it a RESO requirement to completely restructure everything and omit essential data? First step of research, define a house as a house. Then remember multi family is not necessarily income, it just means a sf residence is attached to something else. The list of butchery is indeed long.

On the bright side, independent researchers without direct access to MLS, those people whom rely on these tech relay systems, they don’t stand a chance.

]]> By: Scott Taylor https://appraisersblogs.com/appraisal-vs-avm-flipper-transaction-experience/#comment-29486 Fri, 13 Mar 2020 15:30:30 +0000 http://appraisersblogs.com/?p=23691#comment-29486 time to find another house………….

]]> By: Bill Johnson https://appraisersblogs.com/appraisal-vs-avm-flipper-transaction-experience/#comment-29485 Fri, 13 Mar 2020 14:32:42 +0000 http://appraisersblogs.com/?p=23691#comment-29485 If you do residential appraising in San Diego, at times 25 to 50% of your neighborhood sales are current flips, or have been flipped in the prior 3 years. Perhaps this is a big city, or a destination city issue, but flipped properties are like candy where I’m from. Dealing with C4 refinance assignment is always fun when surrounded by C2 investor flips.

As it relates to investor numbers ($), its not unusual for the acquisition price to sales price to vary by +/- $200,000.

Concerning AVM’s, Zillow, etc., all are garbage.

Seek the truth.

]]>